Santa Monica Partners LP
Santa Monica Partners LP is an investment management firm based in Larchmont, NY, United States, specializing in asset management for institutional and high net worth clients. The firm is structured as a limited partnership and has a record of SEC filings dating back to the 1990s, suggesting operations started around that period. It primarily manages US securities portfolios and provides investment advisory services via SMP Asset Management. The firm maintains a small employee count, generally characteristic of boutique asset managers, and aims to deliver focused investment management services.
Investment Strategy
Santa Monica Partners LP focuses primarily on US equities, running a concentrated portfolio where over 97% of holdings are equities and the top ten holdings account for over 99% of the portfolio. The firm appears to utilize a long-term value approach, maintaining a small number of positions held for an average of nearly five years. Its strategy emphasizes high conviction and positions are held with relatively low turnover (under 2%), indicating a buy-and-hold philosophy. The portfolio is heavily weighted towards a select group of stocks, often associated with deep research and fundamental analysis in value investing.
Latest 13F Filing Activity
Santa Monica Partners LP filed their most recent 13F report on Jun 30, 2025 disclosing 10 equity positions with a total 13F market value of $172M. The fund increased holdings in Bel Fuse Inc. - Class B Common Stock, Mastercard Incorporated - Common Stock, Bel Fuse Inc. - Class A Common Stock among other positions. Santa Monica Partners LP reduced exposure to Balchem Corp. - Common Stock, Garmin LTD. - Common Stock, Berkshire Hathaway Inc. Common Stock among others.
Top Holdings
Equity Positions (10)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MA | Mastercard Incorporated - Common Stock | 33.48% | $57.4M | 102,170 | $151.36 | $561.94 | +$1.4M |
B BCPC | Balchem Corp. - Common Stock | 11.14% | $19.1M | 120,014 | $80.60 | $159.20 | -$816.0K |
B BR | Broadridge Financial Solutions, Inc. - Common Stock | 5.78% | $9.9M | 40,793 | $90.58 | $243.03 | +$23.0K |
G GRMN | Garmin Ltd. - Common Stock | 4.96% | $8.5M | 40,755 | $64.07 | $208.72 | -$343.0K |
B BELFB | Bel Fuse Inc. - Class B Common Stock | 3.85% | $6.6M | 67,634 | $25.18 | $97.69 | +$1.5M |